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Rabitte bows to capital

category national | worker & community struggles and protests | other press author Tuesday September 20, 2005 13:23author by Linke

Just in case you thought there was anything even vaguely radical about the Labour Party, heres what todays Irish Times reported on Fat Pats view on increasing tax on Fat Cats:

"He also ruled out increasing the 12.5 per cent Corporation Tax rate, saying Fine Gael and Labour had settled on this policy in the first place."

For full story see:
http://www.ireland.com/newspaper/ireland/2005/0920/820213931HM7RABBITTE.html

Comments (1 of 1)

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idiot
author by Damienpublication date Thu Sep 22, 2005 23:02author address author phone

Why do you want to increase corporation tax????

It is obvious to anyone with a basic knowledge of economics and/or history that the tax take would decrease.

This is typical of the idiotic notion that corporations should somehow be punished for making money.

taxation does not exist to punish, it exists to generate revenue for the government.

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